Where Do Income Tax Dollars Go Opening up an envelope on the first of the month to reveal ones monthly pay is a surprise in itself. After arriving down at the bottom of the pay stub it seems that half of the paycheck goes to the government. Where does the money go? Where do income tax dollars go? On that pay stub there are three places ones tax dollars go to and they are social security‚ healthcare‚ and defense spending. The first line that appears on a pay stub is social security tax. Where does ones
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Declining performance 12 3.3 Opportunities 14 3.3.1 High growth of Chinese insurance industry 14 3.3.2 Large population and growth in pensions 15 3.4 Threats 16 3.4.1 Intensive competition 16 3.4.2 Influence of bancassurance channel 17 4. Evaluation 18 4.1 Investment recommendation 18 4.2 Evaluation of SWOT 19 5. Conclusion 21 6. References 22 7. Appendices 25 1. Introduction In recent years‚ there has been an increasing interest in financial investment‚ especially
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Petty cash fund is a relatively small amount of cash that businesses keep on hand for the purpose of small transactions such as providing change to customers‚ postage expenses‚ highway tolls etc. In such transactions‚ the use of checks is time consuming‚ costly or illogical. Usually a custodian is appointed to administer the petty cash and it is his/her duty to account for the expenses incurred out of petty cash fund. Whenever the custodian makes any payment from the fund to an employee or a customer
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Human Remains Human remains is a very controversial topic in the world of science but to be more specific in the world of Anthropology. What are exactly human remains? Well human remains is described as; “The physical remains of the body of a person of Native American ancestry/ The term does not include remains or portions of remains that may reasonably be determined to have been freely given or naturally shed by the individual from whose body they were obtained‚ such as hair made into ropes or
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EXEMPTIONS/AMENDMENTS IN/WITHDRAWAL OF EXISTING EXEMPTIONS Rate of service tax restored to 12% As per section 66‚ the charging section under earlier regime‚ rate of service tax was 12% of the value of taxable services. However‚ the rate of service tax was reduced to 10% vide Notification No. 8/2009 ST dated 24.02.2009. With effect from 01.04.2012‚ Notification No. 02/2012-ST dated 17.03.2012 rescinded the said notification and the rate of service tax was restored to 12% for the period between 01.04.2012 to 30.06
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SMALL SCALE INDUSTRY INTRODUCTION The definition for small-scale industrial undertakings has changed over time. Initially they were classified into two categories- those using power with less than 50 employees and those not using power with the employee strength being more than 50 but less than 100. However the capital resources invested on plant and machinery buildings have been the primary criteria to differentiate the small-scale industries from the large and medium scale industries. An
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Assessor Result Date CERTIFICATE IV SMALL BUSINESS MANAGEMENT BSB40407 Assessment 1 Management and Legal (To be used for NEIS online training) Clustered units BSBSMB401A Establish Legal and risk management requirements of a small business BSBSMB404A Undertake small business planning STUDENT’S FULL NAME: Student Instructions Complete Part A & B of this assessment. Part A – Insert your full name‚ date submitted and online username
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Organization (NGO) called The Children’s Defense Fund (CDF) and discussing its relationship to the International Human Rights movement. First‚ we must establish what is an NGO. An NGO is an independent entity which works alongside governments to advocate for Human Rights and related issues. These entities usually work on a voluntary basis‚ and rely on donations from individuals‚ governments or private companies to conduct their business. The Children’s Defense Fund is a private American non-profit child
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INCOME TAX Introduction : The income tax is administrated Income Tax Ordinance‚ 1984 and the Income tax Rules‚ 1984 as well as notification made under the Ordinance. The charge of tax of a person depends on its resident ship. Total world Income of a resident is charged to tax in Bangladesh. Where as a non-resident’s Bangladesh income is only charged to tax in Bangladesh. There are seven heads of income. The are salary‚ interest on security‚ house property‚ agriculture‚ business and profession
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Ch. 12 Taxable Income and Tax Payable for Corporations I. Calculation of Net Income For Tax Purposes and Taxable Income - Corporations follow the applicable ordering rules of Section 3 in computing NITP Net Income for Tax Purposes Less: Div C deductions Taxable Income Most of the Div. C deductions for corporations are DIFFERENT from the Div. C deductions for individuals. Div C deductions for Corporations: 1. Charitable
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